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The Americas
In 2017, the overall beer market is to see a 1.5 percent decline in volume, but craft should enjoy five to six percent growth, according to the Brewers Association (BA).
Market
Who thought that size matters in brewing? Apparently, in Mexico they do. Sporting some fairly large breweries already, the country will get another superlative-beating one when Grupo Modelo’s new brewery in Apan, located in the central Mexican state of Hidalgo, will go on stream in the first quarter of 2019.
The Americas
Following an USD two million recall of its Milk Stout Nitro and IPAs last year, the Coloradoan craft brewer Left Hand Brewing is suing its yeast supplier, local media report.
Market
Heineken and the Brazilian Coke distributors will begin arbitration in February 2018 regarding a distribution contract that the Dutch brewer decided to terminate as of 1 November 2017. The contract was to run until 2022, according to Brazilian media.
The Americas
On 16 November 2017, the House of Representatives passed its version of the “Tax Cuts and Jobs Act”. No Democrats voted in favour of the Republican bill, which – if passed – would mark the most significant overhaul of the federal tax code since 1986, it was reported.
The Americas
Craft beer, spirits and wine seem to have munched into Molson Coors business. During the third quarter 2017, net sales for Molson Coors Brewing fell 2.1 percent to USD 2.88 billion, compared to USD 2.94 billion in the same period last year, the company reported on 1 November 2017.
The Americas
Will brewers soon have to defend their share of throat against wine, spirits and pot? It seems likely. Already there is talk in the industry that legalized pot could become the new craft beer. Legalized marijuana is expected to be a USD 50 billion business by 2026, up from USD six billion in 2016.
The Americas
The consumer craze for craft beers continues to put pressure on the country’s major brewers. While beer consumption has stagnated for several years, the number of breweries has risen from 644 in 2015 to 775 in 2016. Over half of them are located in only two provinces: Ontario and Quebec.
The Americas
Boston Beer is doing what AB-InBev is best known for – slashing costs. However, shareholders aren’t feeling the buzz, even though the company’s third quarter (until the end of September) results beat Wall Street’s estimates.
The Americas
After five years with Stone, its Chief Operating Officer, Pat Tiernan, resigned at the end of October 2017. Stone did not put out a statement indicating why he had left or who would replace him.
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BRAUWELT on tour
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BRAUWELT on tour
